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Worldwide IT Spending and Staffing Outlook for 2024
Our forecast for enterprise IT spending in 2024 is partly sunny, with a chance of strong headwinds. With stronger-than-expected economic data in the US and Europe and easing inflation, the world economy in most regions looks poised for the soft landing that central banks were aiming for. Our survey shows that IT budgets will continue to grow, and enterprises expect a slightly better 2024 than 2023. The worldwide outlook is cautiously optimistic.
March, 2024
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 8: IT Services and Solutions Sector Benchmarks
This chapter provides generative AI metrics for the IT services and solutions sector. It features a sample of 55 IT services and solutions companies including software companies, hardware companies, cloud providers, and tech consultants. It includes metrics on how much enterprises are spending on generative AI, where they are spending it, and how they are governing it.
December, 2023
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 7: Professional Services Sector Benchmarks
This chapter provides generative AI metrics for the professional services sector. It features a sample of 11 professional services companies including consulting firms, business solutions companies, real estate brokerages, and data analysis firms. It includes metrics on how much enterprises are spending on generative AI, where they are spending it, and how they are governing it.
December, 2023
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 6: Healthcare Sector Benchmarks
This chapter provides generative AI metrics for the healthcare sector. It features a sample of 11 healthcare organizations including hospitals, hospital systems, clinics and retirement homes. It includes metrics on how much enterprises are spending on generative AI, where they are spending it, and how they are governing it.
December, 2023
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 5: BFSI Sector Benchmarks
This chapter provides generative AI metrics for the banking, financial services, and insurance (BFSI) sector. It features a sample of 34 such firms, ranging from commercials and investment banks to brokerages, financial advisors, and wealth management firms. They also include regional and national insurance including health insurance and property and casualty. It includes metrics on how much enterprises are spending on generative AI, where they are spending it, and how they are governing it.
December, 2023
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 4: Retail Sector Benchmarks
This chapter provides generative AI metrics for the retail sector. It features a sample of 15 retailers including department stores, apparel retailers, multinational brick-and-mortar chains, toys, and office supplies, as well as online retailers. It includes metrics on how much enterprises are spending on generative AI, where they are spending it, and how they are governing it.
December, 2023
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 3: Manufacturing Sector Benchmarks
This chapter concentrates on the manufacturing sector. It features a sample of 32 manufacturers including both process and discrete manufacturing.This chapter provides generative AI metrics for the manufacturing sector. It features a sample of 32 manufacturers including both process and discrete manufacturing. Among the sample are those that manufacture food and beverages, life sciences and pharmaceuticals, cars and car parts, industrial equipment, chemicals, and consumer goods. It includes metrics on how much enterprises are spending on generative AI, where they are spending it, and how they are governing it.
December, 2023
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 2: Composite Benchmarks
In this, our first survey-based report on generative AI strategy, spending, and adoption, we provide metrics on how much enterprises are spending on this ground-breaking technology, where they are spending it, and how they are governing it. This chapter provides statistics for nearly 200 companies that have already adopted some form of generative AI. It includes 22 figures providing data ranging from the strategic importance of AI to staffing and budget numbers, to usage data. It also covers the reservations and fears of using Gen AI and provides an understanding of the art of the possible.
December, 2023
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Generative AI Strategy, Spending, and Adoption Metrics 2024: Chapter 1: Executive Summary
Chapter 1 provides a free executive summary for our first survey-based report on generative AI strategy, spending, and adoption. The full report provides metrics on how much enterprises are spending on this ground-breaking technology, where they are spending it, and how they are governing it. It provides statistics for nearly 200 companies that have already adopted some form of generative AI, providing data ranging from the strategic importance of AI to staffing and budget numbers, to usage data. Metrics are provided for the composite sample along with six industry chapters. [Free Download]
December, 2023
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Best Practices for Benchmarking Your IT Budget Ratios
Benchmarking is a popular way for IT executives to justify their IT budgets and better focus their efforts to achieve a state of continuous improvement. Whether it is to compare their IT spending levels with industry peers, defend current spending levels, justify new spending requests, or identify opportunities for cost improvement, benchmarking is the best way to objectively measure an organization’s IT budget against industry standards.
December, 2023
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European IT Spending and Staffing Benchmarks 2023/2024: Chapter 23: Professional Services Subsector Benchmarks
Chapter 23 provides benchmarks for professional services organizations. The 31 respondents in the sample range in size from a minimum of about €50 million to over €50 billion in annual revenue. The sector includes firms that provide professional services, including legal, accounting, financial advice, consulting, marketing, and other services.
September, 2023
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European IT Spending and Staffing Benchmarks 2023/2024: Chapter 22: Online Retail Subsector Benchmarks
Chapter 22 provides benchmarks for online retailers. This subsector includes clothing retailers, home furnishing retailers, dietary supplements and health products retailers, agricultural retailers, pharmaceutical retailers, educational products retailers, sports equipment retailers, and other online retailers. The 15 respondents in this sample have annual revenue ranging from about €100 million to about €20 billion.
September, 2023